Month: November 2020

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(Bloomberg) — U.S. stock futures climbed with Asian equities Monday in a continuation of last week’s risk-on pattern after Joe Biden was declared the winner of the presidential race on Saturday. The dollar extended declines.S&P 500 futures were up about 1% in early trading, building on the strongest week since April for the benchmark, as the president-elect prepared to launch his transition effort. Stocks rose in Japan, Australia and South Korea. The yuan and euro ticked higher alongside the Australian and New Zealand dollars. Treasuries slipped.Biden, in his victory speech over the weekend, promised swift action against the pandemic and …read more […]

Stock futures opened higher Sunday evening as traders took in President-elect Joe Biden’s victory in the U.S. presidential election, ending a days-long nail-biter over which candidate would prevail in winning the White House. …read more […]

Every week, Benzinga conducts a sentiment survey to understand what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We recently surveyed a group of over 250 traders and investors on whether shares of Apple Inc. (NASDAQ: AAPL) or Microsoft Corp. (NASDAQ: MSFT) stock would grow the most by 2025.Apple Vs. Microsoft Stock Over the next five years, which stock will have the largest percentage gain? * Apple * Microsoft62.5% of traders and investors believe shares of Apple will grow the most by 2025. The future is now for Apple’s …read more […]

Peter Simmie’s Bristol Gate Capital Partners is a Toronto, Canada-based hedge fund that invests primarily in dividend stocks. Bristol Gate uses both machine learning and fundamental analysis tools to uncover stocks with strong dividend growth prospects. The firm, which was founded in 2006 by Mr. Simmie, who currently serves as its Chief Investment Officer, believes […] …read more […]

Alex Trebek, the Canadian-American host who led the long-running syndicated game show “Jeopardy!,” died Sunday morning, the show said in a statement on social media. He was 80 years old. Photo: Amanda Edwards/Getty Images …read more […]

Pfizer Inc. (NYSE: PFE) has disclosed in its earnings report that it received an official request for information from the US Securities and Exchange Commission, according to The Wall Street Journal.What Happened: The pharmaceutical company received formal requests regarding its operations in China and Russia from the SEC’s foreign-bribery unit and the U.S. Justice Department in August and June. The inquiries were sent from the agencies’ Foreign Corrupt Practices Act units. Foreign corrupt units monitor possible illegal relations between companies and local authorities.Pfizer also revealed it had received similar requests the year before.Why It Matters: The pharmaceutical industry has …read more […]

The election may be over, but 2020’s market volatility may not be done. …read more […]

* This weekend’s Barron’s examines how Biden won an extraordinary election and what a Biden administration could mean. * Other featured articles discuss how to position a portfolio for political gridlock, the outlook for big tech and dividends that are being resumed. * Also, the prospects for a private equity firm, a leading biotech, timeshare companies and more.In this week’s Barron’s, Avi Salzman points to the positives of a divided government in his article “Biden Wins the Most Extraordinary Election of Our Time. What’s Next.” He says the division can bring about a measured pace of change, which …read more […]

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Wall Street this week is set to consider the implications of President-elect Joe Biden’s incoming administration, alongside another batch of corporate earnings results. …read more […]

Joe Biden will become the 46th president of the U.S., and Wall Street is rejoicing. Analysts have previously stated that regardless of the winner, the end of the election will reduce a significant amount of uncertainty, and potentially pave the way for stocks to move higher. Now, investors are waiting to see which party will gain control of the Senate, although it appears that the Republicans are in the lead. This is the favored outcome among investors as a divided government would take the more ambitious policies from either side out of the equation. Against this backdrop, five-star …read more […]

The analysts covering MannKind Corporation (NASDAQ:MNKD) delivered a dose of negativity to shareholders today, by… …read more […]

(Bloomberg) — The emerging-market bargain-buyers are in celebration mode. And the party’s not over yet.The prospect of a Joe Biden presidency checked by a divided Congress has gotten everyone from to Eaton Vance Corp. to Medley Global Advisors predicting a fresh boost for risk assets, just a week after the stocks, currencies and bonds of developing nations hit the buffers as the U.S. election approached. BlackRock Inc. says developing-nation assets, which look more appealing in this low-rate world, could benefit from a more moderate leader in the White House. The Biden administration’s policy approach will probably reduce uncertainty, according to …read more […]

Shareholders will be ecstatic, with their stake up 27% over the past week following Livent Corporation’s (NYSE:LTHM… …read more […]